Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: OKX against Lighter−0.189%7-day average −0.104% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$590.589% of the position
Funding, last 7 days+0.008%+$1 on $10k
+Price spread, last 4 days (all we have)+0.155%+$16 · spread now −0.189%, 7d avg −0.104%
=Together, before fees+0.163%+ Points / potential airdropLighter: Season 3 · farm board+$16 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.085% cheaper against Lighter than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.104%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PYTH | 0.06365 | 0.0096 | pay 0.0012% / 1h | 50m 08s | $197K | $203K | 5x |
| Short | OKX PYTH-USDT-SWAP | 0.06353 | 0.0100 | get 0.0050% / 4h | 2h 50m | $2.1M | $3.3M | 50x |
Lighter PYTH
OKX PYTH-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.84
- Price spread: −0.189% → −0.104%
- −$8.48
- Slippage, 4 orders
- −$48.94
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$66.58
- Costs to cover
- 0.589%
- Break-even
- 561.8 days
Slippage from Lighter: live order book, 32 min ago; OKX: live order book, 2 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Lighter live order book, 32 min ago | 3.91 bp | 15.6 bp −$16 | 96.4 bp −$964 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 3.15 bp | 16.8 bp −$17 | 58.4 bp −$584 | doesn't fit | doesn't fit |
PYTH on 23 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective PYTH/USDC PERP | −0.0586% | 1h | 0.06350 | −0.236% | $561 | $180K | 5.5x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0215% | 1h | 0.06358 | −0.116% | $385K | $240K | 25x | as long as short |
| Gate PYTH_USDT | −0.0122% | 4h | 0.06350 | −0.236% | $1.1M | $463K | 75x | as long as short |
| Binance PYTHUSDT | −0.0015% | 4h | 0.06356 | −0.143% | $9.0M | $15.9M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0014% | 4h | 0.06356 | −0.141% | $9.4M | $2.4M | 125x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06354 | −0.174% | $189K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06363 | −0.031% | $10K | $10K | 10x | as long as short |
| BloFin PYTH-USDT | +0.0043% | 4h | 0.06351 | −0.220% | $420K | $122K | 75x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0048% | 1h | 0.06431 | +1.037% | $40K | $9K | 25x | as long as short |
| Bybit PYTHUSDT | +0.0075% | 4h | 0.06357 | −0.126% | $7.5M | $5.0M | 50x | as long as short |
Injective PYTH/USDC PERP
Kraken Futures PF_PYTHUSD
Gate PYTH_USDT
Binance PYTHUSDT
MEXC PYTH_USDT
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
BloFin PYTH-USDT
Coinbase International PYTH-PERP-INTX
Bybit PYTHUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06363 | −0.030% | $23K | — | 3x | as long as short |
| Lighter PYTHlong | +0.0096% | 1h | 0.06365 | long leg | $197K | $203K | 5x | |
| Paradex PYTH-USD-PERP | +0.0098% | 8h | 0.06355 | −0.162% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06362 | −0.055% | $1.7M | $1.4M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06359 | −0.089% | $20K | $26K | 10x | as long as short |
| OKX PYTH-USDT-SWAPshort | +0.0100% | 4h | 0.06353 | −0.189% | $2.1M | $3.3M | 50x | |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06358 | −0.110% | $1.5M | $314K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06358 | −0.110% | $2.6M | $1.9M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06355 | −0.157% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06350 | −0.243% | $44K | $23K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06359 | −0.097% | $3K | $1K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06355 | −0.158% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0451% | 1h | 0.06359 | −0.097% | $38K | $88K | 10x | as long as short |
Aevo PYTH-PERP
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Backpack PYTH_USDC_PERP